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Nov 21

TECHNICAL ANALYSIS BY NSFX 21.11.2013

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High:  Low: 

The Aussie Dollar lost ground against the greenback after it failed to rise above both the 21SMA and the 55EMA. If the pair should drop below 0.9270 the pair can dive to 0.9113. The most relevant area in case the selling pressure should continue is at 0.9022.  If buyers will try to lift the cross rate  0.9406 is the closest target price followed by  0.9548. Is interesting the fact that the 200SMA and the supply line generated on April are on the same level.

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